BAKU, Azerbaijan, February 4. Azerbaijan's
First Deputy Minister of Economy Elnur Aliyev briefed on economic
development priorities of the country at the Organization for
Economic Cooperation and Development (OECD) Eurasia Week 2026 event
held in Paris, France, the statement of the Ministry of Economy
says, Trend
reports.
He provided this information during a speech at the panel
session on "Promoting Growth through Strengthening Competitiveness,
Investment, and Trade" within the framework of the event. Aliyev
also informed about the measures and strategic initiatives
implemented in Azerbaijan to diversify the economy and develop the
non-oil and gas industry. The official emphasized that the country,
playing the role of a reliable bridge between Europe and Asia, has
become an international transport and logistics hub.
He noted that macroeconomic stability and a favorable investment
climate, as well as the benefits provided in industrial zones and
liberated territories, create attractive conditions for foreign
investors, especially giving impetus to the increase in investments
directed to the non-oil and gas sector. The official highlighted
steps taken towards digitalization and increasing the
competitiveness of enterprises.
Aliyev pointed out that large-scale projects aimed at the
development of renewable energy sources open up new prospects in
terms of deepening regional energy cooperation.
The deputy minister also noted that Azerbaijan is expanding
trade and investment relations through international partnerships
and bilateral and multilateral investment funds. In this context,
he underscored prospects for the development of multifaceted
cooperation between Azerbaijan and the European Union.
Furthermore, Aliyev met with William Thompson, Head of the
Eurasian Department of the OECD Global Relations Secretariat, as
part of the event.
The meeting emphasized Azerbaijan's active and effective
cooperation with the OECD, noting that cooperation in attracting
foreign investments, digitalization, development of small and
medium-sized enterprises, and other areas contributes to the
diversification of the economy in the country.
The parties discussed the priority areas of partnership between
Azerbaijan and the OECD, opportunities for cooperation in industry,
finance, trade, corporate governance, transport, and other
areas.
Aliyev also met with Philippe Gauthier, CEO of MEDEF
International, as part of his visit to France.
The meeting highlighted the reliable and favorable business
environment formed in Azerbaijan, as well as the existing potential
for expanding business relations.
The parties exchanged views on deepening relations between
Azerbaijani and French companies and new cooperation and mutual
investment opportunities. Possible potential cooperation
opportunities related to the activities of French companies in
Azerbaijan were discussed.
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